Historically speaking, inventory levels for both residences and land across the Greater Park City Real Estate Market (Areas 1 to 23) have hovered around 2100 units through the ski season of January - April ; peaking in the summer months of August to September to around 2300 units. This year however, that trend was broken as inventory levels continued to fall, dropping to below 1800 units only five time in the past eight years and to 955 the lowest number of listings in the past 8 years; over 47% lower than the previous record.
Source: Park City Board of Realtors
The direction of our inventory over the last four months has been steeply downward (red line in top graph depicts 2020 inventory
Robert Redford is selling the Sundance Mountain Resort, the Provo Canyon ski destination the actor, filmmaker and environmental activist opened in 1969. Redford reached an agreement to sell the 2.600 acre resort to Broadreach Capital Partners and Cedar Capital Partners. Redford announced the sale to employees on Friday. Though the resort has been Redford’s Utah home for more than a half-century, it also “created a lot of weight for me to be carrying around,” he told The Salt Lake Tribune this week, ahead of Friday’s announcement. “I had been searching for years for the right people to take it to the next level, so that I could take that weight off my shoulders and enjoy my life.”
Philip “Flip” Maritz, managing director at Broadreach Capital
